Amalgamated Bank Sells 20,519 Shares of Ford Motor (NYSE:F)

Amalgamated Bank decreased its holdings in shares of Ford Motor (NYSE:F) by 2.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 791,722 shares of the auto manufacturer’s stock after selling 20,519 shares during the period. Amalgamated Bank’s holdings in Ford Motor were worth $9,928,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of F. Olistico Wealth LLC bought a new position in shares of Ford Motor during the second quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. lifted its position in shares of Ford Motor by 1,997.9% in the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,035 shares of the auto manufacturer’s stock worth $27,000 after purchasing an additional 1,938 shares during the period. Family Firm Inc. bought a new stake in shares of Ford Motor during the 2nd quarter valued at about $26,000. Fortis Group Advisors LLC increased its position in shares of Ford Motor by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 2,172 shares of the auto manufacturer’s stock valued at $26,000 after buying an additional 1,086 shares during the period. Finally, Voisard Asset Management Group Inc. bought a new position in Ford Motor in the fourth quarter worth about $27,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays cut their price objective on Ford Motor from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, July 25th. StockNews.com upgraded Ford Motor from a “sell” rating to a “hold” rating in a report on Friday, August 2nd. Wells Fargo & Company dropped their target price on shares of Ford Motor from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, September 10th. Wolfe Research assumed coverage on shares of Ford Motor in a research report on Thursday, September 5th. They issued a “peer perform” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $11.00 price objective on shares of Ford Motor in a research note on Tuesday, September 10th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Ford Motor presently has an average rating of “Hold” and an average price target of $12.95.

Ford Motor Price Performance

Shares of F opened at $10.99 on Thursday. Ford Motor has a twelve month low of $9.49 and a twelve month high of $14.85. The company has a market capitalization of $43.86 billion, a P/E ratio of 11.32, a price-to-earnings-growth ratio of 0.76 and a beta of 1.62. The firm has a 50 day moving average of $11.34 and a 200 day moving average of $12.06. The company has a quick ratio of 1.00, a current ratio of 1.17 and a debt-to-equity ratio of 2.30.

Ford Motor (NYSE:F) last announced its quarterly earnings results on Wednesday, July 24th. The auto manufacturer reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.21). Ford Motor had a net margin of 2.13% and a return on equity of 15.28%. The business had revenue of $47.81 billion for the quarter, compared to the consensus estimate of $47.79 billion. During the same period in the previous year, the company earned $0.72 earnings per share. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Ford Motor will post 1.88 earnings per share for the current fiscal year.

Ford Motor Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, August 7th. This represents a $0.60 annualized dividend and a dividend yield of 5.46%. Ford Motor’s payout ratio is 61.86%.

Ford Motor Company Profile

Ford Motor Company develops, delivers, and services a range of Ford trucks, commercial cars and vans, sport utility vehicles, and Lincoln luxury vehicles worldwide. It operates through Ford Blue, Ford Model e, and Ford Pro; Ford Next; and Ford Credit segments. The company sells Ford and Lincoln vehicles, service parts, and accessories through distributors and dealers, as well as through dealerships to commercial fleet customers, daily rental car companies, and governments.